1. As gold set another record high, Canadian mining legends Frank Giustra and Pierre Lassonde say the West has lost its power to set the price of gold. With gold futures hitting another record high of above $2,324.80, Giustra and Lassonde pointed to a major shift in the gold market. “The world hasn’t woken up…
Imagine that you’re in mid-flight on a passenger jet and the captain flies directly into a Category Five hurricane.
Analysts were warning that the gold market was ripe for a short squeeze rally as prices fell to a seven-month low earlier in the month, and they were proven right as the latest trade data from the Commodity Futures Trading Commission (CFTC) showed significant short-covering in gold and silver.
Volatility should be expected to remain high as investors will be closely watching for hints on upcoming monetary policy direction.
The Precious Metals Week in Review June 2nd, 2017 1. President Trump and his continued use of twitter and his controversial views and actions continues to be the primary focus of nearly every news outlet. Stock markets seem to be blissfully ignoring the growing uncertainty, continually making record highs despite what seems to be…
Is the world prepared in case that money supply dries up? Article by Jeff Thomas.
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